CCL Industries has signed a $2m acquisition deal with Purbrick, a supplier of pressure sensitive labels in Melbourne, Australia.
The pharma packaging manufacturer said Purbrick's 2009 revenues were nearly $8.7m, with an estimated EBITDA of $1.9m.
The acquisition will allow CCL to change Purbrick's trading name to CCL Label, the company said.
Last year CCL announced an agreement to acquire the shares of Ferroprint Western Cape, a wholly-owned subsidiary of Ferroprint in Durban, South Africa.
In July 2009 the company signed an agreement with Pacman Group, Dubai, to enable it to manufacture CCL Label products in the Middle East and Africa.
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